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Two FDI projects worth over 100 million USD in Nghe An are about to go into production.

Việt NamViệt Nam08/09/2023

bna_ Lĩnh vực chế biến, chế tạo đang đóng vai trò ngày càng quan trọng vào phát triển của khu vực công nghiệp ở Nghệ An.JPG
The processing and manufacturing sector is playing an increasingly important role in the development of the industrial sector in Nghe An. (In photo: Production at the factory of Luxshare ICT Company at VSIP Nghe An). Photo: Thanh Duy

Goertek Group has committed to invest 500 million USD in WHA Industrial Zone 1 - Nghe An; of which, phase 1 has an investment of 100 million USD to build a factory to manufacture electronic products, network equipment and multimedia audio products, with a capacity of more than 381 million products/year, on an area of ​​40 hectares. Currently, Goertek's project phase 1 has completed construction, and is expected to put a part of the project into operation in September 2023.

Next, in October 2023, phase 1 with a total investment of 200 million USD invested by Everwin Precision Technology Co., Ltd. in VSIP Nghe An Industrial Park is also expected to go into operation to produce metal housings, components and parts; cable assembly; plastic parts for smart devices and new energy cars, with a design capacity of 270 million products/year.

It is known that this investor from Hong Kong has registered to invest in Nghe An in both phases with a total investment of up to 400 million USD.

The operation of two large FDI projects is a positive sign, creating new production capacity to continue maintaining growth momentum in Nghe An's industrial sector, especially during the difficult period from the beginning of 2023 until now.

2022 witnessed a spectacular increase in Nghe An's industry after the Covid-19 pandemic. At the end of the year, the Industrial Production Index (IIP) increased by double digits, reaching 10.34%.

However, entering 2023, the "headwinds" affecting the global economy in general, including our country, have caused IIP to plummet. In the first 6 months of this year, Nghe An's IIP increased by only 1.79%.

However, in the last 6 months of the year, IIP is showing signs of recovery, compared to the same period, in July it is estimated to increase by 8.69%; in August it is estimated to increase by 13.24%. In the first 8 months, IIP Nghe An is estimated to increase by 3.59%.

Since the beginning of 2023, Nghe An has attracted 1.12 billion USD in FDI capital, marking the first time the province has attracted FDI capital exceeding the 1 billion USD/year mark. To date, Nghe An province has 129 FDI projects registered for investment, with a total registered capital of nearly 3.7 billion USD.

In 2022, Nghe An ranked 10th out of 63 provinces and cities attracting the most FDI in Vietnam. In the first 8 months of 2023, Nghe An rose 2 places, ranking 8th out of 63 provinces and cities attracting the most FDI in Vietnam; ranking first among 14 provinces and cities in the North Central and Central Coast regions.

To create industrial land funds to attract investors, Nghe An is actively coordinating with reputable and experienced international and domestic industrial park infrastructure investors to develop industrial real estate.

On August 29, at the Conference to promote the implementation of Vietnam-Singapore investment cooperation projects, Prime Minister Pham Minh Chinh and Singaporean Prime Minister Lee Hsien Loong performed the groundbreaking ceremony for the 500-hectare VSIP Nghe An II Project in Dien Tho, Dien Phu, Dien Loc communes (Dien Chau), in Tho Loc Industrial Park (Southeast Nghe An Economic Zone).

Meanwhile, VSIP Nghe An I Industrial, Urban and Service Park Project deployed in Hung Nguyen District and Vinh City is continuing to build infrastructure for the Industrial Park Phase 2 (142 hectares) and is leveling the Urban Area Phase 1B (43 hectares) and Phase 2, Phase 3.

Hoang Mai I Industrial Park Project is implementing infrastructure construction and attracting investment (occupancy rate 86.85%). Hoang Mai II Industrial Park Project (334.79 ha) has been appraised by the Ministry of Planning and Investment and submitted to the Prime Minister for approval of investment policy.

WHA Industrial Park Phase 2 Project (354.5 ha) is continuing to develop infrastructure. Projects: Tho Loc Industrial Park (Area B), Nghia Dan Industrial Park, WHA Industrial Park Phase 3 Project is continuing to coordinate with investors to prepare investment project proposal documents.


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